Investment funds

Nasdaq OMX Group said it expects the re-launch of its PSX exchange as an exchange-traded fund marketplace to take place in May.

BNY-Mellon won a top ETF industry honor, for the seventh consecutive time. The firm took home the award for 2012 “Best Service Provider – The Americas” at the ninth annual Global ETF Awards.

iShares will close and liquidate the iShares Diversified Alternatives Trust, according to a letter to shareholders.

The Securities and Exchange Commission's new leader, Mary Jo White, will bring her years of experience as a federal litigator before the fund industry this week as its members try to judge whether she will propose reforms that could cripple the marketplace.

The boutique purveyors of the mutual fund world have different branding and distribution challenges than their larger asset management counterparts.

San Antonio-based USAA Investments, a provider of mutual funds and insurance products to members of the U.S. military, is currently prepping the USAA Target Retirement 2060 Fund to launch in July 2013.

The MFEA launched a new group within its executive council: the Product Management Council (PMC).

American Century Investments has named former BlackRock/Barclays Global Investors executive Vinod Chandrashekaran senior vice president and director of quantitative research.

Assets of all exchange-traded funds rose in March by $37.54 billion, or 2.7%, to $1.446 trillion, according to the Investment Company Institute.

The boutique purveyors of the mutual fund world have different branding and distribution challenges than their larger asset management counterparts.

Alternative mutual funds are hot and signs are pointing to a greater expansion of the growing asset class.

Just like many corporate boards, mutual fund boards have an opportunity to strengthen their operations, and solve some of the challenges they face, by more effectively thinking about the value of diversity.

Every industry has its Achilles' heel. For fund administrators, it's issues with data integrity and the lack of automation of key operations, such as expense processing. In terms of fund expenses, there is more to think about than advisor fee justification and distribution fee compliance.

Mutual funds and exchange-traded funds ETFs saw redemptions of $7.0 billion the week ended April 24.

Fidelity Investments has rolled out a Windows Phone 8 brokerage app for Windows Phone users to help them manage their investments on the go.

Total money market mutual fund assets dropped by $1.87 billion to $2.593 trillion for the week ended Wednesday, April 24, according to the Investment Company Institute.

Touchstone Investments is closing one fund and transferring its assets into another fund that, essentially, does the same thing.

A former Canadian “mutual fund” salesman has been banned for life from the industry and ordered to pay a fine of $6 million for stealing clients’ assets valued at some $12 million, the Globe and Mail reports.

The Wilmington Multi-Manager International Fund (GVIEX) has one less sub-advisor as of April 24.

401(k) plan participants paid less in mutual fund fees than the average investor industry last year, according to the Investment Company Institute’s latest report on the retirement space.